Malincho Essay Example | Topics and Well Written Essays - 500 words

Malincho - Essay Example Kalin has no capital to start a business but still has the willingness to make it in the commercial world. In Kalin’s case he creates the business from scratch. Opportunity recognition is the next step in the entrepreneur process. Kalin is seen as a person who recognized opportunities that can be used to generate profits. His research shows him that importing fate cheese from his home to sell to his country men would be a great idea. Resources are key factors in entrepreneurship Kalin seeks resources in the most convenient way so as to avoid interests. As seen he tries out a wine guy to see if e could get the resources he need. However, the deal with the wine guy did not succeed. Thereafter he gets the resources from his friends; this is convenient as no extra charges were to be incurred in the repayments. Eventually Kalin is successful in his business idea as he uses Timmons entrepreneur framework model process (Collins, 1998). The business model available for food import business involves; sourcing, primary processing, logistics, risk management and trading and marketing. Sourcing involves building a relationship with stakeholders and farmers and using a network of local Agent agronomists, buyers and other specialist. Primary processing which involves packaging of the product is the next step after sourcing. In this model primary sourcing is followed by logistics. Logistics depends on the products and its urgency therefore, air, inland or marine logistics are used. Risk management department are formed to deal with capturing, assessing and managing risk in all levels of business chain. Last in the business model is trading and marketing this deals with the market. In order for Kalin to position his business for the next phase of early stage growth he should assess his company efficiency, review his financial position, form a business model for the company, conduct a competitor, customer and